ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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External Account: A Role for International Credit Lines

While sharing the concerns regarding the current account defi cit and lower foreign exchange reserves voiced by S L Shetty ("External Account: Distinct Signs of Discomfort on the Horizon", EPW, 6 October 2012), this comment suggests that India should seriously debate the purchase of a credit line from the International Monetary Fund and intervene in the foreign exchange market more actively.

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